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Tag: JPMorgan Chase

Why do share prices fall after an interest rate cut? This is what the experts think

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Why do share prices fall after an interest rate cut? This is what the experts think

The Federal Reserve gave investors exactly what they said They wanted to cut interest rates by a whopping 50 basis points on Wednesday – but that was still not enough. After a brief rise after the initial announcement, stock prices went through a period of high volatility before all three major US market indices closed […]

JPMorgan has limited junior bankers’ working hours to 80 hours per week

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JPMorgan has limited junior bankers’ working hours to 80 hours per week

Two of Wall Street’s biggest investment banks, JPMorgan and Bank of America, are cracking down on the industry’s notorious “always-on” culture, which was recently linked to the death of a Green Beret turned investment banker. Now JPMorgan will limit the working hours of junior bankers to 80 hours per week in most cases, the company […]